Dollar Rises on Higher US Treasury Yields

Manama: The US dollar rose on Friday, supported by higher US Treasury yields following reports indicating the possibility of an interest rate increase in September. The dollar gained against the Japanese yen and remained on track for weekly gains, while the euro, Australian dollar and New Zealand dollar weakened. According to Bahrain News Agency, markets are awaiting the release of US nonfarm payrolls data later today for further signals on the outlook for interest rates.